Price of 1 Gold Ounce In The Pound, Dollar & Euro👇🏽 GBP: £1,590 USD: $1,981 EUR: €1,815
UJ has been dropping heavily for the past few days. Still expecting another 300 PIPS drop towards our Wave IV zone, before the final bull run towards $153.300 starts📈 Upon completion of this final impulse move up, we can look to start positioning ourselves into a MULTI-YEAR downtrend. This could be 1 of a lifetime opportunity!
We saw a strong sell off again on BTC today, after a short squeeze yesterday by buyers. Market failed to take out this weeks high & closed back below our grey zone. Looking at 2 possible scenario's👇🏽 1. Retest of out grey supply zone. Will look to take another short, if smaller TF offers selling confluences. 2. Yesterday's sell off could of been the Wave 4 low....
Market structure offering a possible shorting opportunity for BTC. ⭕️5 Bullish Wave Complete. ⭕️LQ Sitting At Wave 4. ⭕️Overbought Market Conditions, Based On SEC ETF Hype. ⭕️Break Of Structure on 1H TF.
Gold buyers wasted no time😂 Pretty self explanatory chart so everyone should have taken advantage of buy positions. We sold from Wave 1 & closed our sell position in profit. Price bounced straight from our Wave 2 POI & so far up 2% (380 PIPS). Beast of a move🦾
This is an update from our previous sell position, which was posted live for you all. We have now closed at 100% of the sell position at £7,500 (590 PIPS) profit! I’m happy closing Wave 2 profits here, rather than targeting a deeper level of $1,930🤞
Even if Gold does decide to extend higher towards $2,030 next month, I’d like to see market close below $2,004 today. If it does then we can expect a move lower (Wave 2) towards $1,940 - $1,920 first half of next month.
Look at where Gold is now, compared to the 1st time we posted this exact analysis🔺 A lot of upside to come in 2024, so I'd recommend taking advantage of these cheap prices & slowly buying into Gold as price dips! Possibility of 22% growth for Gold & that's before any leverage. Now image with leverage...
The U.S. House of Representatives has passed a bill called ‘Stop Harbouring Iranian Petroleum’. The purpose of the bill is to do all the following listed above🔺 But in more simple terms, the plan of the U.S. government is to pull Iran into the war & shift blame onto them, for the genocide currently going on in the Middle East. They’ll say Iran is funding the war...
Still possible that we can see 1 more leg down (Wave IV), offering us a 710 PIPS buying opportunity towards $153.300📈 Upon completion of this final impulse move up, we can look to start positioning ourselves into a MULTI-YEAR downtrend. This could be 1 of a lifetime opportunity!
Market is in its final stages of this upside move, before all hell breaks loose. Keep an eye out...
A lot of whipsaw price action, following the release of NFP figures. Previous NFP figures from last month were 246k, with ONLY 99K new jobs being added onto the U.S. economy this month. Dollar Index📉 US10Y📉 Gold - Very Indecisive Price Action🔴
Oil is still accumulating buying momentum within this Wave 2 (Wave II) accumulation phase. We can expect price to carry on consolidating within a range for the next 2 weeks or so, which'll scare off the average, small retail trader. But if you hop onto the daily TF, you'll see overall the market is still bullish📈
Despite hitting our target, the US10Y has kept pushing much higher due to economic uncertainty. Biden has requested for an extra $100 billion in Congress to fund the Russia & Ukraine war, to give money to Taiwan & more money to Israel, to carry on their genocide against Palestine. If this $100 billion is approved, then we can expect Bond prices to carry on...
Scenario 1: Gold corrects lower towards $1,965 - $1,957 before we see another move up (Wave V) towards the $2,000 region, completing Wave 1. Scenario 2: Gold keeps dropping lower towards $1,940 - $1,930 allowing us to buy into long term positions.
Scenario 1: Gold corrects lower $1,965 - $1,957 before we see another move up towards the $2,000 region, completing Wave 1. Scenario 2: Gold keeps dropping lower towards $1,940 - $1,930 allowing us to buy into long term positions.
GBPJPY buyers are still holding strong & keeping bullish market structure intact. Price is still up 590 PIPS, after bouncing from our Wave IV low. Roughly another 800 PIPS profit left to the upside, before we see long term reversals📉
XRP has gained 6.62% growth within the last 24 hours, on the back of good news that the SEC (Securities Exchange Commission) drops their lawsuit against two Ripple Labs executives. The original charge claimed that the blockchain company violated U.S. security laws by selling unregistered securities. The SEC is now taking back that claim. From a technical stance,...